There are five elements in Internal Control of an organization. In establishing procedures for the handling of incoming checks belongs to the element Policies and Procedures and the element that deals with the oversight of the internal control system is the Risk Assessment.
Answer:
option B
Explanation:
On the off chance that an advantage is being built and is being financed totally with a particular new obtaining. Development costs are spread more than two years The aggregate sum of intrigue cost promoted in the subsequent year is dictated by applying the loan cost on the particular new obtaining to the weighted-normal amassed consumption's for the advantage in both of the years.
The correct answer is option B
weighted-average accumulated expenditures for the asset in 2017 and 2018.
Answer: • Water power to run machines
• rivers for transportation of goods
• natural resources for production
Explanation:
Industrialization is when am economy moves from the agricultural sector to the industrial sector.
The factors of industrialization does Baines cite in the reading include:
• Water power to run machines
• rivers for transportation of goods
• natural resources for production
Answer:
Option (A) is correct.
Explanation:
Given that,
Implicit costs per week = $200,000
Average explicit cost per banana = $0.25 per banana
Per week bananas sold = 1 million
Explicit cost = Average explicit cost per banana × No. of banana sold
= $0.25 × 1,000,000
= $250,000
Total revenue = No. of banana sold × Selling price of each banana
= 1,000,000 × $0.50
= $500,000
Accounting profit = Total revenue - Explicit cost
= $500,000 - $250,000
= $250,000
Economic profit:
= Total revenue - Explicit cost - Implicit costs
= $500,000 - $250,000 - $200,000
= $50,000
